A technological advance shifts
A)both SAS and AD rightward.
B)both SAS and LAS leftward.
C)SAS rightward but leaves LAS unchanged.
D)LAS rightward but leaves SAS unchanged.
E)both SAS and LAS rightward.

Question

Quizplus · Accepted Answer

A technological advance increases the productive capacity of an economy, shifting both the Short-Run Aggregate Supply (SAS) and Long-Run Aggregate Supply (LAS) curves to the right.

A Technological Advance Shifts